Startup Risk Tips: Additional Insured Insurance Certificates
Startup Risk Tips is a series of posts where we explain the finer details of insurance requirements or terms Startups will face along the road. We hope these posts will help you feel more comfortable and confident as new relationships are formed with customers, suppliers, vendors, investors, and insurance companies alike. Q: We’re required to send an
Insurance for Ecommerce Companies
Consumer Ecommerce is booming. With the vast array of web developers, payment processors and digital currencies, it has never been easier to get an online business off the ground. The US market alone is estimated at $409 billion for 2017. By 2022, it’s expected to make up to as much 17% of all retail sales nationwide. Risks
3 Risks an On-Demand Services Company Needs to Consider
Update: We’ve released a new whitepaper examining the Sharing Economy industry. We dive into the insurance landscape, legal climate and how to approach risk management for companies in this sector. You can download the report here! Food for thought: on-demand services company risk profile The on-demand services company (think Uber, Makespace, Fly Cleaners…) is taking over the
The “Dos” &”Don’ts” of Buying Startup Company Insurance
Buying startup company insurance can be a daunting task. The insurance market is fragmented and there is no shortage of products out there. The industry is not exactly tech savvy either, and many brokers still employ tools as archaic as fax machines in their practices. Just finding where to start can be a hassle! Here
Insurance for Internet of Things Companies
Insurance for Internet of Things Companies — what you need to know The Internet of Things space is exploding right now and shows no signs of slowing down. In fact, some sources estimate that there will be 200 billion connected devices on the planet by 2020. The current global market size is estimated at $4.9
Insurance for Independent Contractors?
Background As we mentioned in a previous post, many of the startups we work with at Founder Shield are a new breed of B2C services. These companies leverage the latest technology to perform traditional services more efficiently and create a much better user experience than ever before.
Insurance for B2C services companies
The Space There’s a new breed of technology-enabled B2C services startups and we deal with a ton of them at Founder Shield. Think Uber, GetMaid, Makespace…all of these companies use custom platforms to access traditional service providers in very non-traditional ways. This creates exposure to a wide variety of liability. Here’s a quick look:
Insurance for SaaS & Enterprise Companies
The Space The Enterprise/SaaS space is hot spot for startups. In 2017, SaaS companies captured 69% of a 63.2 billion dollar public cloud services market. We work with several companies building enterprise/SaaS solutions, ranging from data collection to “consultative sales” to outpatient management and all done in the cloud.
Why Startups Need Insurance
While this list is definitely not exhaustive, I wanted to briefly shed some light on a couple of the reasons why startups need insurance and should look into coverage options regardless of where they are in their life cycle.